Capital Gains, Losses and Sale of Home

You may be trying to get your brain around how to figure out basis of property that you receive as a gift. Here’s what you have to consider: The adjusted cost basis to the donor just before he or she made the gift to you.The fair market value (FMV) at the time...

How to Launch a Business

How do you get from the dream to fundraising to business plan to opening? Successful business owners recount how their meetings with potential investors helped them revise their business plan, refining the numbers and focusing on the culture they wanted to create. Lay...

Can You Still Deduct Meal Expenses?

The Tax Cuts and Jobs Act made changes to deductions for meals. In fact, it eliminated the deduction for any expenses related to activities that used to be considered entertainment, amusement or recreation. But you’ll be glad to hear that you may continue to...